A New York Bankruptcy Court takes a step in the right direction and finds that a loan taken out for payment of expenses related to taking the bar exam is not a “student loan” and is therefore dischargeable in bankruptcy. The Court found that the loan titled “CitiAssist Bar Exam Loan”, is not a loan for an “educational benefit”, rejecting the concept that any loan which relates in some way to education is a non dischargeable student loan. Check out Campbell v. Citibank, NA, Case No. 15-1038 (Bankr. E.D.N.Y. 2016)
Are you bogged down with student loans and other debt? Call me today at 419-720-2911 and we can discuss your options. While student loans are not dischargeable there are strategies in a Chapter 13 that can help you address your private student loans and help you get your life back.